Indiana Fever Get $370 Million Update Amid Caitlin Clark’s Second Season originally appeared on Athlon Sports.

The city of Indianapolis has always been a basketball town, but the energy around the sport has never been higher than it is right now. With the Indiana Pacers in the NBA Finals and the Indiana Fever electrifying the WNBA, basketball fever has truly taken over.

The Fever are thriving. Their games are selling out, resale ticket prices are through the roof, and Caitlin Clark jerseys are flying off the shelves. While drafting Clark was a major turning point, the franchise’s rise goes beyond just one player. Several contributors, along with league-wide growth, have pushed the team’s value to new heights.

Forbes recently revealed new franchise valuations on Instagram, highlighting the Fever’s dramatic surge in value:

“Introducing The #WNBA’s Most Valuable Teams. It’s much bigger than #CaitlinClark—optimism around the league’s future has sent franchise values skyrocketing, to an average of $272 million, ahead of a critical club sale. Check out the full 2025 list at the link in our bio.”

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According to Forbes, the Indiana Fever are now the second most valuable franchise in the WNBA, behind only the New York Liberty. The Liberty benefit from the country’s largest media market, but the Fever’s momentum is undeniable. Forbes valued Liberty at $400 million and Indiana at $370 million.

In the article, Forbes noted:

“Over the last two years, the WNBA’s business has soared above the rim, with league-wide attendance reaching 2.4 million during the 2024 regular season—up 48% year-over-year—and more than 54 million unique viewers tuning in to national telecasts.”

Indiana Fever guard Caitlin Clark.Trevor Ruszkowski-Imagn Images

The Fever, specifically, led the WNBA in both revenue and attendance:

Revenue: $32 million in 2024

Attendance: 17,000 per game — even edging out the NBA’s Pacers in the same arena

Social Media: Most-followed women’s basketball team online

These numbers underscore the Fever’s transformation into a major sports brand.

Caitlin Clark, who’s now in her second WNBA season, is currently sidelined with a left quadriceps injury. Before being ruled out, she was averaging 19.0 points and 6.0 rebounds over her first four games.

Fever fans are hopeful she’ll return soon. In the meantime, Indiana travels to face the Chicago Sky on Saturday and the Atlanta Dream on Tuesday. They return home on June 14 to host the New York Liberty, a matchup loaded with star power.